Sale of a portion of share in Caracal Gold Plc

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration

1 March 2022

Goldplat plc ('Goldplat' or 'the Company')

Sale of a portion of share in Caracal Gold Plc

Goldplat plc, the AIM listed gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to announce the sale of a portion of its shares in Caracal Gold Plc ('Caracal').

Goldplat plc's subsidiary Gold Minerals Resources Limited, has sold 32,878,000 of its shares in Caracal for 0.95 pence per share. The shares sold represent the remainder of the initial share consideration of USD450,000 that was payable in cash by Caracal, which the Group agreed to take up in shares at the initial listing price of Caracal, as announced on 3 November 2021.

The Group retains a 5.69% interest in Caracal.

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For further information visit, follow on Twitter @GoldPlatPlc or contact:

Werner Klingenberg Goldplat plc (CEO) Tel: +27 (82) 051 1071
Colin Aaronson / George M Grainger Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Jessica Cave / Andrew de Andrade WH Ireland Limited (Broker) Tel: +44 (0) 207 220 1666
Tim Thompson / Mark Edwards / Fergus Mellon Flagstaff Strategic and Investor Communications Tel: +44 (0) 207 129 1474